April 24, 2014
Fuel-cell manufacturer ClearEdge Power may file for bankruptcy, according to South Windsor Town Manager Matthew B. Galligan.
Galligan said a ClearEdge official called him Thursday around 2:30 p.m. and told him that the company’s backers were looking to exit the fuel-cell business, possibly through a bankruptcy or sale.
“It was kind of out of the blue,” Galligan said. “We’ve been working with them to do some fuel cell business here in South Windsor.”
He said he expected to receive more information soon.
Several ClearEdge union employees contacted the Hartford Business Journal saying they were sent home early Thursday. One said it was because of a lack of work due to a parts shortage, and that workers aren’t sure if they are laid off temporarily or permanently.
Another said employees were told to empty their lockers. For full article.